Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 18 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed four interconnected company appeals related to the insolvency proceedings of Lokaa Developer Pvt Ltd for hearing on December 8, 2026. The appeals involve multiple appellants challenging actions of the Resolution Professional, Ramakrishnan Sadasivan, appointed for Lokaa Developer Pvt Ltd.
The appeals are: Company Appeal (AT) (CH) (Ins) No.11/2026 (with IA No. 33/2026) filed by Babulal Ranka & 2 Others against Ramakrishnan Sadasivan; Company Appeal (AT) (CH) (Ins) No.12/2026 (with IA No. 34 & 35/2026) filed by Navneet Kumar Ranka & Another against Ramakrishnan Sadasivan and 2 Others; Company Appeal (AT) (CH) (Ins) No.13/2026 (with IA No. 36 & 37/2026) filed by Babulal Ranka & 2 Others against Ramakrishnan Sadasivan and 2 Others; and Company Appeal (AT) (CH) (Ins) No.417/2025 (with IA No. 1197/2025) filed by Navneet Kumar Ranka & Another against Ramakrishnan Sadasivan and Another.
Legal representation includes Ms. Sai Aasheerwa (advocating for Mr. K. Gaurav Kumar) for the appellants and Mr. Ravi Rajagopalan for the respondents.
Final Outcome
The NCLAT bench has scheduled all four interconnected appeals to be listed for hearing on December 8, 2026, under the caption 'For Hearing'. This is a procedural order that does not decide any substantive matters in the appeals but merely schedules them for future consideration.
Topics: Insolvency Proceedings, Real Estate Sector, NCLAT Appeals